Tankless Water Heater Cost: An in-Depth Analysis

When it comes to proper home maintenance, there is nothing more important than making sure your water heater is constantly performing optimally. This is especially true in Austin, Texas, where summers can get punishingly hot and winters can become unexpectedly cold. Thankfully, there are experienced plumbers who possess the skills necessary to maintain and repair water heaters, ensuring improved efficiency and prolonged service life.

The cost of replacing a traditional storage heater with its tankless counterpart can vary hugely depending on the size and complexity of the installation. With that in mind, this article will take a thorough look at the costs associated with a tankless water heater, focusing on both upfront and ongoing costs to give readers a better understanding of the long-term investment for which they're opting. In it, we'll review the costs associated with acquiring a tankless water heater, installation costs, ongoing maintenance costs, potential rebates related to energy efficiency, as well as a few other considerations. We hope this information proves useful in helping readers choose the best solution for their needs.

First, let's take a look at the costs associated with acquiring a tankless water heater. The average cost of a tankless water heater can range drastically depending on the size and power of the unit, varying anywhere from $1,000 to $1,800 before installation. When considering the purchase of a tankless water heater, it's important to consider the size of the unit needed to support the regular demands of the household. A qualified plumber will take into account the size and needs of the home while helping to determine the most suitable tank for the job.

Once a tankless water heater has been chosen, the next factor will be installation. Tankless water heaters require different installation requirements than traditional storage tanks as the unit is hooked directly to the plumbing system and requires different piping and venting. Generally, the cost associated with installation ranges between $400 to $900, but can be higher for more complex setups.

Beyond the upfront costs, there's also the ongoing cost of maintenance. Annual maintenance for a tankless water heater is highly recommended as it helps ensure that the unit is operating as efficiently and safely as possible while also prolonging its service life. An annual clean and tune up for a tankless water heater typically costs around $100 to $300 and should be done by a licensed and insured professional.

Another source of possible savings for readers considering a tankless water heater are potential rebates offered by local energy suppliers. These rebates are meant to incentivize customers to make energy efficient upgrades as tankless water heaters can considerably reduce energy consumption when compared to storage tanks.

Finally, there are a number of other factors that should be taken into consideration when calculating the cost of a tankless water heater. One of the most important is the annual cost of energy savings provided by the tankless unit compared to the storage tank, which can be estimated using an online energy calculator. Other factors include the quality of the tankless water heater purchased, such as its warranty and various features like digital displays, temperature control settings and more.

All in all, the cost of a tankless water heater can vary drastically depending on the size and complexity of the installation, the quality of the unit selected, and its subsequent maintenance costs. While they can produce long-term energy savings, these savings usually take a few years to recoup the total cost of the purchase and installation. Nevertheless, for those seeking greater efficiency, tankless water heaters can be a great asset.

Tankless Water Heater Cost

Water Heater Installation Cost

Water Heater Rebate